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You can find the current article at its original source at http://www.theguardian.com/business/live/2015/jun/18/greek-crisis-eurozone-finance-ministers-merkel-live
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| Version 25 | Version 26 |
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| Greek crisis summit called after talks fail and bank fears grow - as it happened | Greek crisis summit called after talks fail and bank fears grow - as it happened |
| (30 days later) | |
| 11.42pm BST | 11.42pm BST |
| 23:42 | 23:42 |
| Friday’s front page, and a reminder of what we’ll be covering in a few hours: | Friday’s front page, and a reminder of what we’ll be covering in a few hours: |
| Guardian front page, Friday 19 June 2015: Fears over Greek banks as talks collapse in acrimony pic.twitter.com/EPSD5JX8ZX | Guardian front page, Friday 19 June 2015: Fears over Greek banks as talks collapse in acrimony pic.twitter.com/EPSD5JX8ZX |
| 10.41pm BST | 10.41pm BST |
| 22:41 | 22:41 |
| Friday’s newspapers are heavy with Greek news... | Friday’s newspapers are heavy with Greek news... |
| Friday's FT front page: EU calls crisis summit after Athens bailout talks collapse #tomorrowspaperstoday #bbcpapers pic.twitter.com/IA3q30tBRx | Friday's FT front page: EU calls crisis summit after Athens bailout talks collapse #tomorrowspaperstoday #bbcpapers pic.twitter.com/IA3q30tBRx |
| Friday's Times front page: Greek banks on brink of collapse as savers panic #tomorrowspaperstoday #bbcpapers pic.twitter.com/SdS1OylzP2 | Friday's Times front page: Greek banks on brink of collapse as savers panic #tomorrowspaperstoday #bbcpapers pic.twitter.com/SdS1OylzP2 |
| 10.19pm BST | 10.19pm BST |
| 22:19 | 22:19 |
| A late treat - a video of Yanis Varoufakis’s press conference in Luxembourg tonight, for anyone who missed it at the time (or wants to relive it) | A late treat - a video of Yanis Varoufakis’s press conference in Luxembourg tonight, for anyone who missed it at the time (or wants to relive it) |
| 10.16pm BST | 10.16pm BST |
| 22:16 | 22:16 |
| PS: Interesting lines from Channel 4’s Paul Mason tonight, on the Greek bank fears: | PS: Interesting lines from Channel 4’s Paul Mason tonight, on the Greek bank fears: |
| I understand @yanisvaroufakis warned Spanish and Lux, who raised q of Greek bank opening, to cease speculation. It was leaked by Lux (1/2) | I understand @yanisvaroufakis warned Spanish and Lux, who raised q of Greek bank opening, to cease speculation. It was leaked by Lux (1/2) |
| Intent of Spanish/Luxemburg line and ECB response, which was leaked, was "to create bank run" Greek govt source. No bank run where I am, yet | Intent of Spanish/Luxemburg line and ECB response, which was leaked, was "to create bank run" Greek govt source. No bank run where I am, yet |
| 10.12pm BST | 10.12pm BST |
| 22:12 | 22:12 |
| Greece on brink of banking crisis | Greece on brink of banking crisis |
| Ian Traynor | Ian Traynor |
| Here’s our latest news story on the unfolding, deepening crisis in the eurozone: | Here’s our latest news story on the unfolding, deepening crisis in the eurozone: |
| Greece faces banking crisis after eurozone meeting breaks down | Greece faces banking crisis after eurozone meeting breaks down |
| Greece is facing a full-blown banking crisis after a meeting of eurozone finance ministers broke down in acrimony and recrimination on Thursday evening, bringing the prospect of Greek exit from the eurozone a step nearer. | Greece is facing a full-blown banking crisis after a meeting of eurozone finance ministers broke down in acrimony and recrimination on Thursday evening, bringing the prospect of Greek exit from the eurozone a step nearer. |
| Some €2bn of deposits have been withdrawn from Greek banks so far this week – including a record €1bn yesterday – triggering fears that a breakdown in talks would spark a further flight of funds. The German leader Angela Merkel, French president François Hollande and Greek prime minister Alexis Tsipras agreed to stage an emergency EU summit on Monday as a last critical attempt to prevent Greece going bankrupt. A representative of the European Central Bank told the meeting it was unsure whether Greek banks would have the funds to be able to open on Monday. | Some €2bn of deposits have been withdrawn from Greek banks so far this week – including a record €1bn yesterday – triggering fears that a breakdown in talks would spark a further flight of funds. The German leader Angela Merkel, French president François Hollande and Greek prime minister Alexis Tsipras agreed to stage an emergency EU summit on Monday as a last critical attempt to prevent Greece going bankrupt. A representative of the European Central Bank told the meeting it was unsure whether Greek banks would have the funds to be able to open on Monday. |
| Eurozone talks end without deal as Greek proposals rejectedRead more | Eurozone talks end without deal as Greek proposals rejectedRead more |
| As thousands of pro-EU protestors gathered outside the Athens parliament building, leaders of the eurozone and the International Monetary Fund aimed bitter criticism at the leftwing Greek government, accusing it of lying to its own people, misrepresenting and misleading other EU leaders, refusing to negotiate seriously, and taking Greece to the brink of catastrophe. | As thousands of pro-EU protestors gathered outside the Athens parliament building, leaders of the eurozone and the International Monetary Fund aimed bitter criticism at the leftwing Greek government, accusing it of lying to its own people, misrepresenting and misleading other EU leaders, refusing to negotiate seriously, and taking Greece to the brink of catastrophe. |
| The Luxembourg talks broke down within an hour of discussions on the Greek crisis starting, indicating the bad blood between both sides. Christine Lagarde, the head of the IMF, said there was an urgent need for dialogue “with adults in the room”. | The Luxembourg talks broke down within an hour of discussions on the Greek crisis starting, indicating the bad blood between both sides. Christine Lagarde, the head of the IMF, said there was an urgent need for dialogue “with adults in the room”. |
| She added: | She added: |
| “We can only arrive at a resolution if there is a dialogue. Right now we’re short of a dialogue.”.... | “We can only arrive at a resolution if there is a dialogue. Right now we’re short of a dialogue.”.... |
| Full story here.... | Full story here.... |
| Updated | Updated |
| at 10.26pm BST | at 10.26pm BST |
| 10.10pm BST | 10.10pm BST |
| 22:10 | 22:10 |
| The ECB is going to decide tomorrow whether to extend more emergency liquidity to Greece’s banks, to allow them to cope with the outflow of deposits. | The ECB is going to decide tomorrow whether to extend more emergency liquidity to Greece’s banks, to allow them to cope with the outflow of deposits. |
| Unscheduled @ecb call Fri agreed at request of #Greece central bank to request approval for more ELA loans. Sign huge withdrawals continuing | Unscheduled @ecb call Fri agreed at request of #Greece central bank to request approval for more ELA loans. Sign huge withdrawals continuing |
| 9.51pm BST | 9.51pm BST |
| 21:51 | 21:51 |
| Yanis Varoufakis has also published a blog post, outlining the plan he put before the eurogroup today: | Yanis Varoufakis has also published a blog post, outlining the plan he put before the eurogroup today: |
| Greece’s Proposals to End the Crisis: My intervention at today’s Eurogroup | Greece’s Proposals to End the Crisis: My intervention at today’s Eurogroup |
| I recommend reading the whole thing, so I won’t attempt to summarise it. But as a tempter, here’s some of the proposals Greece made today: | I recommend reading the whole thing, so I won’t attempt to summarise it. But as a tempter, here’s some of the proposals Greece made today: |
| Greece’s Proposals to End the Crisis: Tabled at today’s Eurogroup, as related also in the subsequent Press Conference http://t.co/ssI8SedENF | Greece’s Proposals to End the Crisis: Tabled at today’s Eurogroup, as related also in the subsequent Press Conference http://t.co/ssI8SedENF |
| 9.41pm BST | 9.41pm BST |
| 21:41 | 21:41 |
| Yanis Varoufakis has left the eurogroup meeting, telling reporters only that “I think I’ve spoken enough today.... go home and rest” | Yanis Varoufakis has left the eurogroup meeting, telling reporters only that “I think I’ve spoken enough today.... go home and rest” |
| And who are we to argue? | And who are we to argue? |
| 9.34pm BST | 9.34pm BST |
| 21:34 | 21:34 |
| A couple more shots from Athens - a day after pro-government demonstrators paraded in Syntagma Square. What will we get tomorrow?! | A couple more shots from Athens - a day after pro-government demonstrators paraded in Syntagma Square. What will we get tomorrow?! |
| 9.26pm BST | 9.26pm BST |
| 21:26 | 21:26 |
| Pro-EU demonstration in Athens | Pro-EU demonstration in Athens |
| A dramatic day has ended with pro-European demonstrators taking to the streets of Athens outside the parliament to protest against the government, and insist that Greece remains in the EU. | A dramatic day has ended with pro-European demonstrators taking to the streets of Athens outside the parliament to protest against the government, and insist that Greece remains in the EU. |
| Bloomberg reports that the crowd were pushing for a deal that keeps Greece within the European Union. | Bloomberg reports that the crowd were pushing for a deal that keeps Greece within the European Union. |
| Spyros Kasimatis, 61, told them: | Spyros Kasimatis, 61, told them: |
| “I’m here to support the cause of staying in Europe. | “I’m here to support the cause of staying in Europe. |
| The ripple effects would be disastrous, but it’s difficult to explain this to the unemployed youth.” | The ripple effects would be disastrous, but it’s difficult to explain this to the unemployed youth.” |
| Not your usual Greek demo. Well-heeled protestors pro EU, anti Syriza pic.twitter.com/crBg1VFlWy | Not your usual Greek demo. Well-heeled protestors pro EU, anti Syriza pic.twitter.com/crBg1VFlWy |
| 9.07pm BST | 9.07pm BST |
| 21:07 | 21:07 |
| Alexis Tsipras’s claim this week that the IMF has “criminal responsibility” for the damage caused to the Greek economy has not gone down well with Christine Lagarde, according to Pablo Rodríguez of El Mundo. | Alexis Tsipras’s claim this week that the IMF has “criminal responsibility” for the damage caused to the Greek economy has not gone down well with Christine Lagarde, according to Pablo Rodríguez of El Mundo. |
| According to good sources Lagarde introduced herself today to Varoufakis saying: "the criminal in chief comes to say hello" | According to good sources Lagarde introduced herself today to Varoufakis saying: "the criminal in chief comes to say hello" |
| "He immediately apologized for Tsipras's remarks and said he had rectified already, but she is very angry yet | "He immediately apologized for Tsipras's remarks and said he had rectified already, but she is very angry yet |
| Updated | Updated |
| at 9.07pm BST | at 9.07pm BST |
| 9.03pm BST | 9.03pm BST |
| 21:03 | 21:03 |
| EU summit called to address bank fears | EU summit called to address bank fears |
| Ian Traynor | Ian Traynor |
| A senior EU official taking part in the meeting told The Guardian that Monday’s summit was convened as soon as EU leaders learned of the collapse of the Luxembourg talks. | A senior EU official taking part in the meeting told The Guardian that Monday’s summit was convened as soon as EU leaders learned of the collapse of the Luxembourg talks. |
| The spectre of a Greek banking collapse under the weight of withdrawals prompted eurozone heads of government to meet on Monday, he said. | The spectre of a Greek banking collapse under the weight of withdrawals prompted eurozone heads of government to meet on Monday, he said. |
| Updated | Updated |
| at 9.21pm BST | at 9.21pm BST |
| 8.57pm BST | 8.57pm BST |
| 20:57 | 20:57 |
| Dijsselbloem has also apparently warned that Grexit is a growing danger | Dijsselbloem has also apparently warned that Grexit is a growing danger |
| #Dijsselbloem says #Greece moving in direction of Euro Exit | #Dijsselbloem says #Greece moving in direction of Euro Exit |
| 8.54pm BST | 8.54pm BST |
| 20:54 | 20:54 |
| Jeroen Dijsselbloem has left the Eurogroup meeting tonight, but not before firing another warning at Athens to present new reform plans urgently. | Jeroen Dijsselbloem has left the Eurogroup meeting tonight, but not before firing another warning at Athens to present new reform plans urgently. |
| We haven’t heard a credible and full plan tonight, he told a reporter outside the event, explaining that Varoufakis’s new fiscal proposals basically covered measures already agreed in the eurozone. | We haven’t heard a credible and full plan tonight, he told a reporter outside the event, explaining that Varoufakis’s new fiscal proposals basically covered measures already agreed in the eurozone. |
| What we need are credible measures that will fill in the fiscal gap which are still in the talks, and credible measures to bring the economy back on track. | What we need are credible measures that will fill in the fiscal gap which are still in the talks, and credible measures to bring the economy back on track. |
| Those measure are not popular, they will not be easy to take. And the big question is whether the Greek government is prepared to take them. Because they are inevitable and they are necessary for Greece. | Those measure are not popular, they will not be easy to take. And the big question is whether the Greek government is prepared to take them. Because they are inevitable and they are necessary for Greece. |
| And if they are not prepared to do that they are taking a big, big risk on the future of Greece. So I strongly hope that in the coming days they will come up with those proposals. | And if they are not prepared to do that they are taking a big, big risk on the future of Greece. So I strongly hope that in the coming days they will come up with those proposals. |
| And with that, Dijsselbloem exited to his limo, closing his door with quite a thump. | And with that, Dijsselbloem exited to his limo, closing his door with quite a thump. |
| Updated | Updated |
| at 9.05pm BST | at 9.05pm BST |
| 8.40pm BST | 8.40pm BST |
| 20:40 | 20:40 |
| Helena Smith | Helena Smith |
| Euclid Tsakalotos, Greece’s chief negotiator, has told the Guardian that EU commission chief Jean-Claude Juncker had called Alexis Tsipras last night - and both agreed they would talk again over the weekend. | Euclid Tsakalotos, Greece’s chief negotiator, has told the Guardian that EU commission chief Jean-Claude Juncker had called Alexis Tsipras last night - and both agreed they would talk again over the weekend. |
| Tsakalatos said: | Tsakalatos said: |
| “what we need is a mid-term solution that will take us through to the end of 2016. A short-term solution might be the worst of all. | “what we need is a mid-term solution that will take us through to the end of 2016. A short-term solution might be the worst of all. |
| What we don’t want is a postponement of issues like Grexit and financing, so the economy remains depressed and people don’t have a shift in better expectations. | What we don’t want is a postponement of issues like Grexit and financing, so the economy remains depressed and people don’t have a shift in better expectations. |
| Optimism is a material force in the economy.” | Optimism is a material force in the economy.” |
| 8.38pm BST | 8.38pm BST |
| 20:38 | 20:38 |
| The FT’s Peter Spiegel has also heard that the ECB expressed concerns today about Greek banks ability to open next week. | The FT’s Peter Spiegel has also heard that the ECB expressed concerns today about Greek banks ability to open next week. |
| 2 sr officials who participated in #eurogroup meeting have confirmed to me @Reuters report @ecb worried #Greece banks may not open Monday | 2 sr officials who participated in #eurogroup meeting have confirmed to me @Reuters report @ecb worried #Greece banks may not open Monday |
| 8.33pm BST | 8.33pm BST |
| 20:33 | 20:33 |
| If you missed tonight’s drama....here’s a video of Eurogroup president Jeroen Dijsselbloem warning that Greece must seize this ‘last opportunity’ to get a deal. | If you missed tonight’s drama....here’s a video of Eurogroup president Jeroen Dijsselbloem warning that Greece must seize this ‘last opportunity’ to get a deal. |